Fannie Mae, Freddie Mac, Erik Prince …There’s a Connection?…


Originally published in the Grand Rapids Business Journal, August 4, 2008

Okay, I will admit this is slightly strained, making a connection between Blackwater (a military consulting group) and FannieMae/FreddieMac (the psuedo-governmental mortgage banking whatever-they-ares). But it is true that both are benefiting by having the federal government throw bags of cash their way. And I’m not blaming them. Who refuses bags of cash? The other connection is the timeliness: Fan and Fred recently got bailed out and Erik Prince, founder/owner of Blackwater, is on a PR spin to manage Blackwater’s public perception — they are now a friendlier and more shiny with 50% less shooting people in the face. Prince is also a born and raised West Michigan guy, so the comic has that goin’ for it, which is nice.

Tune in next week when I tie together the Russian invasion of South Ossetia to rising Great Lake water levels. Weee!!!

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